This is just a relaunch of our ANN that is now self moderated(the other wasnt), things we're getting out of hand over in the old post by trolls. No relaunch of the coin, we've been live since March 28th :-)

We have plans to expand and refine upon this system and eventually release it to the public once we feel it's ready. We're hoping with this new platform users will start to harness the true potential in crypto as well as show some appreciate to user posts, campaign fundraisers or start crowdfunding projects etc. all via the VBulletin/NWGT Forums!

We're always open to suggestions if there's something you want to see, let us know!

I am 100% in favor of a switch to x11. I would be very sad if this switch didn't happen. I would probably sell all my coins and ignore this coin if they don't switch algos. A switch to NIST5 would probably be the best. x11/x13/x15 ASICs are on the way in 2015. NIST5 runs stable on my miners and uses a little bit less electricity than the new x11 optimized miner.

A full POS coin is risky but it would be unique this the marijuana coin niche. None exists yet. There are many POS coins now and they are stable/working so far. I am in favor of a full POS switch but only 75% confident in that decision.

I don't like how CannabisCoin switched algos, send in your scrypt wallet and your new x11 wallet address to get coins, but if that is the way CannaCoin has to do it then it is fine.

I am 100% in favor of a switch to x11. I would be very sad if this switch didn't happen. I would probably sell all my coins and ignore this coin if they don't switch algos. A switch to NIST5 would probably be the best. x11/x13/x15 ASICs are on the way in 2015. NIST5 runs stable on my miners and uses a little bit less electricity than the new x11 optimized miner.

A full POS coin is risky but it would be unique this the marijuana coin niche. None exists yet. There are many POS coins now and they are stable/working so far. I am in favor of a full POS switch but only 75% confident in that decision.

I don't like how CannabisCoin switched algos, send in your scrypt wallet and your new x11 wallet address to get coins, but if that is the way CannaCoin has to do it then it is fine.

We agree with you on the influx of coins due to scrypt miners. Fortunately for us, we have a low block reward and this helps prevent a lot of coins from getting sold on exchanges.

I apologize to our miners that we have not been more pro-active on the front of moving to different algos because we have been busy building other tools for Cannacoin.

We've got a large vision for Cannacoin and we WILL be moving to PoS 2.0 in the next couple months. For the PoS 2.0 we will have to move to SHA256D regardless.

As for moving to x11 or NIST5, this remains an option in the short-term in order to get away from ASICs.

We will update you guys very soon with our ETA on the switch to Proof-of-stake.

CannaCoin.tech - The Future of the Cannabis Industry | CannaCoin Community Manager“The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively” ― Bob Marley

We have decided to move to the Proof-of-stake 2.0 for many reasons. We will be utilizing the Blackcoin 2.0 codebase.

We would like to setup a Cannacoin multipool that allows people to mine using whatever algorithm they wish and receive Cannacoins. We hope to work with Suremine and perhaps Youngwebs to set this up. We have not approached them but we are pretty certain that we will find someone to help. If not, we will setup the multipool ourselves, though we would prefer to outsource the multipool.

Why PoS 2.0?

This offers a couple advantages. One being network security. The second being that this will decentralize the network by giving more people the opportunity to become nodes.

Also, we want to support the development of Blackcoin. By moving to the blackcoin codebase, we will be able to adapt quickly to changes they have made as well as provide feedback to the Blackcoin developers.

We expect this transition to take at least 30 days. We will issue a formal statement very soon and give everyone an ETA for when we will have this transition completed.

As a result of this, we would encourage anyone holding large amounts of Cannacoin to participate in our giveaway on NWGT to help give more people the opportunity to stake coins and decentralize the network.

Hoarding coins will not help increase the value of the coins or improve the network. Anyone with more than 50k Cannacoins is encouraged to participate in the giveaway which will take place on NWGT first, and after that we will do a giveaway on reddit using the tip-bot here.

We will also be doing giveaways in the #cannacoin IRC on Freenode network.Feedback welcome.

That's also a number one concern. Distribution. However, that's been a concern from the get-go as we've not had a large amount of miners.

We are hoping that those holding large quantities of coins will assist in decentralization through giveaways.

Regardless, going with a multi-pool will allow any miners to obtain CCN by mining with whatever algorithm they want. Which is a plus.

There's no silver bullet, and no guarantee that switching to different algorithm would lead to more miners supporting the network.

At least people have ample time to mine using scrypt or buy them cheaply on the market.

Since there is no pre-mine, everyone currently holding coins has mined them or purchased them fairly.

All coins staked from the NWGT hosted wallet on the forums will go directly into a fund that will be for giveaways to NWGT members.

I would like to remind everyone that the NXT network started with just 70 holders of NXT that invested by purchasing NXT. Those who invested in the Cannacoin network through either mining or buying with BTC have the opportunity to get people staking by using coins for giveaways.

I expect most people with large quantities of CCN to join in the giveaways.

Alternatively, you can spend them on the Cannacoin.cc/store and we will utilize them for giveaways and development.

CannaCoin.tech - The Future of the Cannabis Industry | CannaCoin Community Manager“The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively” ― Bob Marley